On Tuesday, Nano Nuclear Energy Inc. (NASDAQ:NNE) revealed that it has signed a Memorandum of Understanding (MOU) with DS Dansuk Co., Ltd., a publicly traded industrial firm based in South Korea. The agreement centers on joint efforts to develop, localize, and implement micro modular reactor (MMR) systems in the South Korean market.
The non-binding MOU lays the foundation for structured collaboration aimed at linking Nano Nuclear with key players within South Korea’s industrial landscape, regulatory bodies, and regional stakeholders. A core component of this partnership will be pushing forward Nano Nuclear’s microreactor technologies, most notably the KRONOS MMR Energy System. This stationary reactor is based on high-temperature gas-cooled reactor (HTGR) technology designed to offer reliable and carbon-free power generation.
DS Dansuk's Role in Industrial Coordination
DS Dansuk is positioned to act as Nano Nuclear’s main local industrial liaison in the South Korean market. Its responsibilities include aiding in the identification of suitable pilot deployment locations, supporting efforts to localize key supply chains, and facilitating engagement with regulatory authorities and other institutional partners.
The company brings experienced capabilities from diverse sectors such as energy production, chemical processing, advanced manufacturing, and industrial services. It also has established and long-standing relationships throughout South Korea’s industrial ecosystem, which are expected to be instrumental in advancing the microreactor deployment work.
Han Seung-uk, Chair of DS Dansuk, commented on the significance of the agreement, stating, “This agreement with Nano Nuclear Energy (NNE), which is unrivaled in next-generation reactor technology, will be an important turning point in implementing carbon-neutral solutions.”
Supporting South Korea’s Micro Modular Reactor Strategy
The MOU connects closely with South Korea’s developing "One Factory, One MMR" concept. This idea envisions placing tailored nuclear microreactors directly at industrial sites to deliver continuous, carbon-free power. A key advantage of this approach is its ability to supply energy without imposing additional burdens on the national electricity grid.
Under the framework of their cooperation, the two companies intend to adapt Nano Nuclear’s KRONOS microreactor design to meet South Korean requirements. They will also work collaboratively on establishing licensing pathways, identifying suitable pilot sites for demonstration projects, and building localized manufacturing capabilities alongside workforce training programs.
Expanding Industrial and Regulatory Access in Asia
For Nano Nuclear, the partnership represents a strategic opportunity to deepen industrial connections and regulatory access within the Asian energy market. Jay Yu, the President and Chairman of Nano Nuclear Energy, indicated that the partnership will expedite access to South Korean industrial and regulatory systems, commenting, “This MOU opens doors that would otherwise take years to unlock.”
The agreement is structured as a non-exclusive and non-binding framework designed to facilitate project-specific definitive agreements in the future. Both Nano Nuclear and DS Dansuk retain their respective intellectual property rights and commercialization prerogatives.
Market Reaction
Following the announcement, Nano Nuclear Energy’s shares experienced a slight decline, trading down 1.20% at $33.06 on Tuesday, based on Benzinga Pro data at the time of publication.
Industry Context and Peers
For perspective, other companies and ETFs in the nuclear and energy sectors showed mixed activity on the same day. Cameco Corp. (CCJ) saw a rise of 0.38% to $110.21, while Meta Platforms Inc. (META) declined by 1.88% to $629.90. The VanEck Uranium and Nuclear ETF (NLR) decreased by 0.49% to $142.35, NuScale Power Corp. (SMR) fell by 0.74% to $19.57, and the Global X Uranium ETF (URA) dropped 0.39% to $51.56.